Food delivery

Nearly 500 restaurants alleged “misuse of dominant position" by Swiggy, Zomato, UberEATS and Foodpanda

A group of restaurateurs had earlier protested against deep discounts in December 2018

After ecommerce, associations are complaining about exploitative practices in the OTA and foodtech segments

Zomato raised $410 Mn in 2018

The latest funding round will reportedly be at a premium to the last round

Swiggy raised $1 Bn in December 2018 in a round led by Naspers

TechEagle will help Zomato carry out drone-based deliveries in India

Zomato currently delivers 22 Mn monthly orders

Food delivery contributes 65% to the overall revenue of Zomato

Service income from Swiggy constituted 72% and delivery comprised 18% of the total income

Bundle Technologies posted employee benefit expenses of $25.99 Mn

Advertising and promotional expenses constituted 55.89% of the company’s other expenses

The company controlled its losses by almost 73% to come in at $14.67 Mn (INR 106 Cr) in FY18

The company spent about $6 Mn of its overall cash burn of $11 Mn for FY18 in February and March alone

For FY18, Loss per equity share fell to Zero after $138.37(INR 10000) per share in FY17

Chinese fintech company Ant Financial has a greater say in Zomato’s operations compared to its other shareholders

Ant Financial's shares in Zomato can also be subscribed to by its parent firm — the Chinese ecommerce giant Alibaba

Ant will also have a say in Zomato's expansion and partnerships in strategic areas such as payments, online-to-offline (O2O) services, and ecommerce

Zomato recently announced its save plastic wastage programme

As and when these restaurants provide Zomato with their FSSAI licenses, they will be re-listed on Zomato

High-rated restaurants have been given time till September-end to furnish the licenses

Biryani By Kilo recently Raised A $1 Mn Pre-Series A Funding

Zomato Is In Talks With Ant Financial, Temasek And Alibaba Group For The New Round Of Funding

Zomato Is Now Looking To Fnction Its Cloud Kitchen Model Through Captive Units With Strategic Investments

Earnings Call By Zomato's Largest Investor Infoedge Reveals Insights On how The Food Delivery Startup Is Growing And Scaling

This Comes At A Time When The Company Is In Talks To Raise Another $200 Mn Funding To Become A Unicorn